Hillview apartments sell for less than half boomtime price

Hillview apartments sell for less than half boomtime price

By Michael Braga, Herald-Tribune
/ Tuesday, October 2, 2012

Apartments pictured are representative. Not actual.

Brazos XV LLC, a subsidiary of American Momentum Bank, has sold a collection of rental properties off Hyde Park Street in Sarasota to My Hillview LLC for $715,000.

My Hillview, a Longboat Key company managed by Robert K. Lesser, financed the purchase with a $500,000 loan from American Momentum.

The properties include a 10-unit apartment complex
at 2066 Hyde Park Street, a 4-unit complex at 2067 Hyde Park Street, a 1,223-square-foot duplex at 2050 Hyde Park Street and a 1,125-square-foot house at 2059 Hyde Park Street.

The four properties were previously owned by Rand-Hillview LLC, a Sarasota company managed by Stephen Svirsky, Bart Leereveld and Kahoru Watanabe.

The partners paid $2.2 million for the buildings between December 2004 and January 2006.

For the complete article, CLICK HERE <—–=======

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